<span>The difference is approximately $15,000 per year. High school graduates tend to earn quite a bit less than their college-educated counterparts. This discrepancy only increases as the levels of education discrepancies increase, as well. Students with graduate degrees earn quite a bit more than those with undergraduate degrees.</span>
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In fact, this function of prices may be analyzed into three separate functions. First, prices determine what goods are to be produced and in what quantities; second, they determine how the goods are to be produced; and third, they determine who will get the goods.